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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (14361)	12/18/2001 6:24:04 PM
From: Sully-	Respond to of 99280

Triquint Semi sees 4th-qtr loss, delayed orders SAN FRANCISCO, Dec 18 (Reuters) - Triquint Semiconductor Inc. (NasdaqNM:TQNT - news) on Tuesday said it would report a loss in the current fourth quarter and the first quarter of next year as communications industry customers delayed orders. Hillsboro, Oregon-based Triquint, which makes chips for wireless phones and other communications products, now expects a fourth-quarter loss, before an impairment charge, of 1 cent to 3 cents a share, compared with an estimate of a profit of 4 cents, which Triquint made when it cut its outlook last month. Sales would be $64 million to $66 million, compared with a previous estimate of about $75 million, and first quarter results would be about the same as in the fourth, it said in a statement. ``Our primary customers continue to hold off orders, which has reduced our backlog and reduced our visibility,'' Chairman, President and Chief Executive Steve Sharp told investors on a conference call. Shares of Triquint dropped to $12.30 in after-hours trade on Instinet from a close of $14.10 on the Nasdaq before the announcement. Wall Street average forecasts for the fourth quarter had mirrored those of the company, and analysts had seen Triquint reporting first-quarter per-share profits of 3 cents on sales of $71 million, according to Thomson Financial/First Call. ``Anyone who is selling into the wireless area is at risk, at least in the short term,'' including the first quarter, said ABN AMRO analyst Ambrish Srivastava after Triquint warned. Handset makers were holding back on orders as they watched current sales, and they could wait until the last minute, since microchip makers could deliver quickly, in about 4 weeks, he said. ``We have seen indications of a sort of mini bubble in the wireless component side,'' he said. Triquint counts mobile phone makers Telefon AB L.M. Ericsson and Nokia Corp. among its customers. Sharp gave a variety of reasons for the new fourth-quarter forecast, which he had scaled back in November. ``Reduced revenue and earnings per share is the result of delayed shipments of products at the request of certain customers, continued softness in our optical networking business, and a slowdown in satellite and microwave businesses coupled with flat revenue in our wireless phone business,'' he said. biz.yahoo.com

To: Zeev Hed who wrote (14361)	12/18/2001 6:25:14 PM
From: NOW	Respond to of 99280

no qualms there> I was just pointing out the fallacy of suggesting that in a low interst rate environment, P/E's can be sanely stratospheric...

To: Zeev Hed who wrote (14361)	12/20/2001 10:48:57 PM
From: John Madarasz	Read Replies (1) \| Respond to of 99280

Valuation is only one side of the equation,other important paramaters include market psychology, liquidity and momentum. Two of which are currently waning to the upside. The FED can't print like this forever however, and when they finally are forced to pull back on the reins, which they invariably will, the final leg of support will be gone. At that time the equation should be weighed equally towards the opposite direction, as all those very same parameters fall to the other side of the pendulum and begin it's swing in the opposite direction...with the same amount of force.